HOPING TO GET ON THE PROPERTY MARKET IN THE COMING WEEKS?

If you live in some of these Worcestershire postcodes, you might be waiting to get your house sold for months.

Professional house buying firm Property Solvers’ speed of sale tool has revealed that it’s taking more than 16 weeks (or 116.8 days) to sell a property in Worcestershire postcodes (WR1-WR14).

Updated monthly, the latest dataset analysed over 555 property sales across the area between May 2020 and May 2021.

The statistics track the moment a property is listed on the UK’s largest property portal Rightmove to the point it’s marked as officially ‘sold’ at the HM Land Registry.

According to the data, the postcode where homes take the longest to sell is the WR3 area in Worcester- properties here take an average of 126 days to sell here.

Alternatively, the WR14 area in the Malvern Hills authority is the place to be if you want to sell quickly as it takes an average of 99 days to sell.

Here’s a full rundown of the findings- listings are ranked from fastest selling areas to slowest selling areas:

Property Solvers co-founder, Ruban Selvanayagam commented: “Although buyer demand hasn’t waned over the course of the pandemic, the length of time for transactions to complete has certainly lengthened.”

“Operational activity has still pretty much continued, but the home sales industry – like many others – has had to learn to adapt over the last year.  Many solicitors, mortgage brokers and other professionals in our sector have been working from home which has often resulted in administrative and other operational delays,” he continued.

“However, with positive news around the vaccine roll-out, as more people gradually return to offices and agencies, we’re cautiously optimistic about things picking up over the course of the year.” 

Want to see how long it takes for homes to sell in your area? Type your postcode into Property Solver’s website to find out.